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Corporate earnings: Mattel, Bank of America, Intel, EBay, IBM

Bank of America said its quarterly earnings are up 70 percent from a year ago. (Justin Sullivan, Getty Images)

Mattel. The toy maker said Wednesday its second-quarter net income fell 24 percent, hurt by a continued slide in Barbie sales and a $14 million write-down on the toy maker's Polly Pocket line.

It was the fourth straight quarter of sales declines for Barbie, one of Mattel's biggest and most iconic brands, and Mattel executives said their Monster High and other girls doll lines were likely taking away some sales from the 54-year-old fashion doll.

In the April-to-June quarter, Mattel's net income dropped to $73.3 million, or 21 cents per share. That compares with $96.2 million, or 28 cents per share, a year ago.

Revenue edged up to $1.17 billion from $1.16 billion.

Bank of America. Second-quarter profits soared, welcome news at a bank where recent quarters have often been walloped by mortgage-related problems.

The earnings growth came largely because the bank cut costs and set aside less money for potential troubled loans. While earnings popped 70 percent, revenue was up just 3 percent.

Overall, Bank of America earned $3.6 billion in the quarter after payments to preferred shareholders, up from $2.1 billion a year ago. Per share, that worked out to 32 cents, beating the 25 cents that analysts polled by FactSet had expected. Revenue was $22.9 billion, up from $22.2 billion a year ago.

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Intel. The world's largest maker of chips for PCs put a brave face on the decline of the global PC sales earlier this year, saying it expected its own sales to grow. On Wednesday, it backtracked, saying sales will be flat.

Intel said revenue for the April to June period was $12.8 billion. That was down 5 percent from a year ago and just below the company's projections and analyst expectations of $12.9 billion.

Net income for the quarter was $2 billion, or 39 cents per share. That was down 29 percent from a year ago.

EBay. Revenue increased in the second quarter as its PayPal business and namesake online marketplace continued to grow. But net income fell amid higher expenses and its outlook for the current quarter was shy of Wall Street's expectations.

The e-commerce company earned $640 million, or 49 cents per share, in the April-June period. That's down 8 percent from $692 million, or 53 cents per share, in the same months a year earlier.

IBM. Big Blue said that second-quarter net income fell 17 percent as revenue slipped and it absorbed the cost of layoffs. Results still beat analyst expectations. Net income came to $3.23 billion, or $2.91 per share, down from $3.88 billion, or $3.34 per share, a year earlier. Revenue fell 3 percent to $24.92 billion.

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